Anonymous ID: c03712 March 27, 2018, 7:43 a.m. No.809360   🗄️.is 🔗kun

By Katya Golubkova | MOSCOW

Rothschild, which advises the Kazakh central bank, has recommended that the country's privatisation programme include pre-sales to strategic investors before shares are put on the market.

Oil-rich Kazakhstan, hard hit by the fall in global crude prices, has embarked on an ambitious privatisation drive to sharply cut the state's role in the economy by 2021…..

 

……..EXPANSION TO UZBEKISTAN

Rothschild advises the National Bank of Kazakhstan and has other advisory business in Kazakhstan that Salvetti said he could not disclose. He and Rothschild board chairman Eric de Rothschild held a meeting with Kazakh President Nursultan Nazarbayev in November, according to the presidential website.

Salvetti said Rothschild was considering expanding its activities to neighbouring Uzbekistan, following steps by President Shavkat Mirziyoyev to open up the economy since he took power following the death of Islam Karimov in 2016.

"Uzbekistan is a country with huge potential and the new administration seems to be very committed to modernizing the country," said Salvetti who visited Uzbekistan earlier this year.

"Our working model in Kazakhstan is applicable to Uzbekistan as well – possibly advising the government on privatisations, helping with reforming the banking sector."